Similar to spontaneous combustion, spontaneous debt financing can cause a personal debt crisis to erupt seemingly out of nowhere. Control the slow rise of unplanned debt by guarding against its most common sources.
The debate about whether a budget is a necessity or a waste of time often centers on a fundamentally flawed definition of budgeting. The exercise of budgeting shouldn’t be designed to limit you, but to give you the freedom to spend money in the manner you wish to spend it.